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Nifty Bank Index
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UPDATE: BANKNIFTY 15 min Chart Analysis

raakaeshbomma tarafından
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BANKNIFTY had downward breakout as the odds were in favour due to reversal diamond pattern. Now we are in a broad channel with a odds of upside breakout. Check out my wave analysis to get a broader picture.
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On 5/15 minute TF, BANKNIFTY has formed a wedge Bull Flag and a broadening top pattern. Hmm.. Bears are still strong. Bulls need to clear today's High for bullish confirmation.
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BANKNIFTY has a sell climax opening. This might lead to a recovery to the top. possible double bottom on 5 minute chart.
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BANKNIFTY formed a triangle at the bottom. Hmm.... still 50% chance for upside.
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BANKNIFTY formed a wedge bottom on 5 and 15 minute chart. 60% chance of reversal / sideways and 40% chance to continue downtrend.
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Chart PatternsTrend AnalysisWave Analysis
raakaeshbomma

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